FED continues on his path of rising interest rates, with stock indexes at all time highs, a money outflow from stocks to fixed income assets like bonds is likely to happen. When stock prices decline significantly, one of the first alternatives investments that investors consider transferring money into is gold.
We are betting on a significant stock market...
Gold is stationary in Asia on Monday as the markets consolidate with a US holiday to get through before key events such as US CPI will hit the slate.
Gold has been suffering on higher US rates and the recent Fed comments which have been supporting the upside bias in the dollar.
If bears can stay below the 50-D SMA now at 1210, having broken the 38.2% target...
